Main Street lending program

Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee at the U.S. Capitol last month during a hearing about the Treasury Department's and Federal Reserve's pandemic response.

National
Economy
Politics & Government

Trouble On Main Street

6:30am October 13, 2020

by Greg Rosalsky

The Federal Reserve launched a massive program to lend to small and midsize businesses. It has hardly loaned out anything.

Restaurants at Union Station in Washington, D.C., are closed. The Federal Reserve addressed several new lending programs in an effort to keep businesses and local governments afloat during the coronavirus pandemic.

Economy
Politics & Government

Mission Critical To Save The Economy: Fed Goes Even Bigger With Massive Loan Help

11:54am April 09, 2020

by Scott Horsley

In its latest salvo, the Federal Reserve announced $2.3 trillion in new lending programs in an effort to keep businesses and local governments afloat during the coronavirus pandemic.